SAIC Case Sheds Needed Light on World of Government Contracting
Science Applications International Corp. is not only one of the federal government's largest contractors -- with more 17,000 Washington area employees, it is the region's fourth-largest private employer. So it is of more than passing interest that after a lengthy investigation, the Justice Department has now accused company executives of conspiring with corrupt Navy officials to rig a 2004 computer contract potentially worth billions of dollars.
Last week the Justice Department asked a federal judge in Jackson, Miss., to order the company to pay damages that could top $350 million -- a lot of money for a company that earned $450 million last year. A judgment might also lead the government to temporarily suspend SAIC from competing for new contracts.
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